Avior Wealth Management LLC Purchases Shares of 1,000 APi Group Co. (NYSE:APG)

Avior Wealth Management LLC acquired a new position in shares of APi Group Co. (NYSE:APG) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,000 shares of the company’s stock, valued at approximately $33,000.

Other hedge funds have also modified their holdings of the company. Quest Partners LLC acquired a new position in APi Group during the 3rd quarter worth approximately $216,000. Swiss National Bank boosted its holdings in APi Group by 4.0% during the third quarter. Swiss National Bank now owns 401,500 shares of the company’s stock worth $13,258,000 after purchasing an additional 15,600 shares during the last quarter. Natixis Advisors LLC grew its position in APi Group by 16.2% in the third quarter. Natixis Advisors LLC now owns 240,617 shares of the company’s stock valued at $7,945,000 after purchasing an additional 33,630 shares in the last quarter. OneDigital Investment Advisors LLC increased its stake in APi Group by 23.3% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 7,516 shares of the company’s stock valued at $248,000 after buying an additional 1,421 shares during the last quarter. Finally, ING Groep NV bought a new stake in APi Group during the 3rd quarter worth about $3,213,000. 86.62% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Ian G. H. Ashken sold 53,868 shares of the business’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $36.87, for a total value of $1,986,113.16. Following the completion of the sale, the director now owns 5,478,779 shares of the company’s stock, valued at approximately $202,002,581.73. The trade was a 0.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director James E. Lillie sold 11,568 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $36.98, for a total transaction of $427,784.64. Following the completion of the transaction, the director now owns 1,134,635 shares in the company, valued at $41,958,802.30. This trade represents a 1.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 18.20% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Robert W. Baird decreased their price objective on APi Group from $43.00 to $42.00 and set an “outperform” rating for the company in a report on Friday, August 2nd. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $45.00 price target on shares of APi Group in a research report on Friday, November 1st. JPMorgan Chase & Co. cut their price objective on APi Group from $37.00 to $34.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Finally, Barclays boosted their target price on shares of APi Group from $43.00 to $44.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, APi Group currently has a consensus rating of “Moderate Buy” and an average target price of $44.00.

APi Group Trading Up 3.4 %

APG stock opened at $38.25 on Tuesday. APi Group Co. has a one year low of $29.75 and a one year high of $39.98. The stock has a market cap of $10.51 billion, a price-to-earnings ratio of -19.42 and a beta of 1.54. The company has a fifty day moving average price of $34.46 and a two-hundred day moving average price of $35.52. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.51 and a quick ratio of 1.42.

APi Group (NYSE:APG) last announced its earnings results on Thursday, October 31st. The company reported $0.51 EPS for the quarter, hitting the consensus estimate of $0.51. The business had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.87 billion. APi Group had a net margin of 3.01% and a return on equity of 33.89%. APi Group’s revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.48 EPS. Equities analysts anticipate that APi Group Co. will post 1.86 EPS for the current year.

About APi Group

APi Group Corporation provides safety and specialty services worldwide. It operates through Safety Services and Specialty Services segments. The Safety Services segment offers solutions focusing on end-to-end integrated occupancy systems, such as fire protection services; heating, ventilation, and air conditioning solutions; and entry systems, which include the design, installation, inspection, and service of these integrated systems.